I will regret if I missed this.......

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Emerson once said to the woman who suffers from a lack of money mindset to go to the sea and watch the waves coming in and out . He said the water is forever coming in and will then goes out again. Money is like the sea, forever coming in and going out.

So money in a way is like blood circulating in our body. If it stops or gets congested (meaning we feel stuck, lack of $$,etc) then it is not good. It has to be in a continuous flow......

Without investing in any software or pay exorbitant course fees, one can still get hold of great buying/selling opportunity (check out my VIX chart ) if we just do a little homework.

For me, daily reading of the news is more than sufficient! In fact, it is way too much overload at times. So, here's one good buying opportunity from FB.

It has broken out of the bearish trend line with a nice bullish engulfing candle. Let's wait for either a pullback or a bullish pendant before initiating our buy. The gap is the minimum (10% profit) I expect it to hit . Not necessarily by today but maybe this week or so.

And in case you be thinking that you had missed FB when it was below a 100 bucks, give yourself a break. Many , many people are in it too, in fact some sold too early while others are still unaware of this great company. So, do yourself a favour, when there is an opportunity , grab it. No point falling back to the good old grandfather days of why I didn't do this or that. That only make you feels miserable and it does not help your situation.

Of course, if you have other better trade setups and better risk/reward potential , I say go for it, without batting an eyelid. Trade safely and have fun.....

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ملاحظة

Praise the Lord for answering my prayers. Congrats to those who followed. It is important to set aside capital for days like this. So often, market presents opportunities to buy or sell for us but because we are already tied up with our stocks, we cannot deploy more capital to take advantage of them. Make an effort to find multiple sources of income so that every bit goes into building your trading/investment capital. The day will come like this one yesterday. It is a low hanging fruit begging you to pluck it. If you don't , someone will and you gotta wait for some time before the tree bear fruits again.

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ملاحظة

Hmm, FB firepower seems lacking compared to the euphoria that the market is experiencing right now. Support is found at 185.65 and seems to be doing OK. Let's see how it performs over the next 2 days.

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ملاحظة

we are taken out . well, will be relooking for another opportunity. keeping it tight on my watch list.

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ملاحظة

Again, my quick fingers help me to grab some FB shares as President Trump released the good news to the market.
reuters.com/article/us-usa-stocks/wall-street-bounces-back-as-stimulus-hopes-soothe-recession-fears-idUSKBN20X1AJ

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ملاحظة

Of course, my predictions is so wrong and i have to eat my words. With the market coming down hard, even social media stocks worldwide are not spared as well. It is like a tsunami, damaging anything that gets in the way ,it is not biased in that sense.

No, President Trump news was another trigger for the sell off that the market did not want. A travel ban is bad for business especially the airlines and that is why the are down 20% or more. Some airlines would go bankrupt during this coronavirus saga and many more related businesses would not be around as well when the coast is clear. That is life. Accept it and move on.........

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ملاحظة

Did I regret holding paper loss on FB? Not at all.

Sure, I feel the pain just as much as anyone made from flesh and blood. To be able to feel emotions is what makes us human. There are a few stocks that I am buying for long term and FB is one of them. Looking at current chart, it has formed Higher Low and Higher High price action which means it is reversing its bearish trend.

154 level would be a good buy zone. I will scoop up some this week